Flash Finance

Hero MotoCorp LimitedHEROMOTOCOCorporate

Consumer Cyclical Auto Manufacturers Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹5,225.00
MCap ₹104,574 Cr · P/E 19.9
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹12,797 Cr
Sales · Mar 2026
+28.8% YoY
₹1,856 Cr
Operating Profit · Mar 2026
+31.1% YoY
14.5%
OPM % · Mar 2026
+2.1% YoY
₹1,401 Cr
Net Profit · Mar 2026
+29.6% YoY
₹70.03
EPS · Mar 2026
+29.5% YoY

📝 Hero MotoCorp Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Hero MotoCorp Limited reported revenue of ₹12,797 crore for the quarter ended March 2026 (Q4 FY26), up 28.8% from ₹9,939 crore in the same quarter last year, and up 3.8% sequentially over the December 2025 quarter.

Net profit rose 29.6% year-on-year to ₹1,401 crore, from ₹1,081 crore. Earnings per share (EPS) came in at ₹70.03.

Operating profit stood at ₹1,856 crore — an operating margin (OPM) of 14.5%, compared with 14.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Hero MotoCorp Limited posted revenue of ₹46,831 crore, a growth of 14.9% over FY25, with a net profit of ₹5,268 crore (up 14.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹46,831 crore with a net profit of ₹5,268 crore.

Valuation snapshot

At the current price of ₹5,225.00, HEROMOTOCO has a market capitalisation of ₹104,574 crore and a trailing P/E of about 19.9.

Within the Auto Manufacturers industry, it is the 9th-largest of the 10 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 34.73%, foreign institutional investors (FIIs) 31.09%, domestic institutional investors (DIIs) 24.36%, public shareholders 9.83% of Hero MotoCorp Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹104,574 Cr
Current Price ?
₹5,225.0
P/E ?
19.85below ind
Industry P/E ?
24.70
P/B ?
4.85
P/S ?
2.23
P/FCF ?
14.28
Enterprise Value ?
₹104,764 Cr
EV/EBITDA ?
15.25
PEG ?
0.83
Earnings Yield ?
5.8%
Dividend Yield ?
3.48%
Profitability & Returns
Sales (TTM) ?
₹46,831 Cr
OPM ?
14.7%
Profit after tax (TTM) ?
₹5,268 Cr
EPS (TTM) ?
₹263.22
ROCE ?
34.0%
ROE ?
24.4%
ROA ?
16.3%
Growth
Sales — latest qtr ?
₹12,797 Cr
PAT — latest qtr ?
₹1,401 Cr
YoY qtr sales growth ?
28.8%
YoY qtr profit growth ?
29.6%
Sales growth (3y) ?
11%
Sales growth (5y) ?
9%
Profit growth (3y) ?
24%
Profit growth (5y) ?
14%
Financial Health
Debt ?
₹190 Cr
Debt to Equity ?
0.01
Interest Coverage ?
261.5
Current Ratio ?
N/A
Ownership
Promoter holding ?
34.73%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
6.4%
Return 6 months ?
-0.1%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 8,3078,7679,4459,7249,51910,14410,46310,2119,9399,57912,12612,32812,797 +28.8% +3.8%
Operating Profit 1,0831,2061,3281,3621,3591,4601,5161,4761,4161,3821,8231,8101,856 +31.1% +2.5%
Other Income 237222248242180232283318224304233296209 -6.6% -29.4%
Interest 5555555556666 +26.8% +0.7%
Depreciation 169169175183185193194197192193197204204 +6.2% -0.2%
Profit Before Tax 1,1471,0951,3971,4171,3501,4931,6001,5921,4421,4871,8541,7771,855 +28.6% +4.4%
Net Profit 8598251,0541,0731,0161,1231,2041,2031,0811,1261,3931,3491,401 +29.6% +3.9%
EPS 42.9941.2752.7253.7050.8456.1560.1860.1554.0656.2869.6267.4070.03 +29.5% +3.9%
OPM % 13.0% 13.8% 14.1% 14.0% 14.3% 14.4% 14.5% 14.5% 14.2% 14.4% 15.0% 14.7% 14.5% +2.1% -1.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹40,756 Cr ₹46,831 Cr ₹46,831 Cr +14.9%
Operating Profit ₹5,868 Cr ₹6,871 Cr ₹6,871 Cr +17.1%
OPM % 14.40% 14.67% 14.67% +1.9%
NPM % 11.31% 11.25% 11.25% -0.5%
Other Income ₹1,056 Cr ₹1,041 Cr ₹1,041 Cr -1.4%
Depreciation ₹776 Cr ₹798 Cr ₹798 Cr +2.9%
Interest ₹20 Cr ₹23 Cr ₹23 Cr +16.6%
EBIT ₹5,092 Cr ₹6,073 Cr ₹6,073 Cr +19.3%
PBT ₹6,128 Cr ₹6,972 Cr ₹6,972 Cr +13.8%
Tax ₹1,518 Cr ₹1,250 Cr ₹1,250 Cr -17.6%
Net Profit ₹4,610 Cr ₹5,268 Cr ₹5,268 Cr +14.3%
EPS ₹230.54 ₹263.33 ₹263.33 +14.2%
Material Cost ₹27,076 Cr ₹23,079 Cr ₹23,079 Cr -14.8%
Employee Cost ₹2,595 Cr ₹2,029 Cr ₹2,029 Cr -21.8%
Extraordinary Items — ₹119 Cr ₹119 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 40404040 +0.0%
Reserves 16,66517,94619,76721,538 +9.0%
Borrowings 156138163190 +16.6%
Other Liabilities 6,4027,4487,95010,477 +31.8%
Total Liabilities 23,26325,57227,92032,244 +15.5%
Fixed Assets 5,7615,8345,9016,485 +9.9%
CWIP 464481492225 -54.3%
Investments 11,01013,08614,91019,397 +30.1%
Other Assets 6,0286,1716,6176,138 -7.2%
Total Assets 23,26325,57227,92032,244 +15.5%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 2,5794,9074,1828,315 +98.8%
Cash from Investing Activity -469-1,802-1,586-4,505 -184.0%
Cash from Financing Activity -2,041-2,733-2,847-3,567 -25.3%
Net Cash Flow 70372-251243 +196.8%
Free Cash Flow 2,0124,1963,3727,321 +117.1%
CFO/OP 86%118%97%137% +41.2%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 30263320 -39.4%
Inventory Days 22212021 +5.0%
Days Payable 72797587 +16.0%
Cash Conversion Cycle -20-32-22-45 -104.5%
Working Capital Days -6-16-965 +822.2%
ROCE % 23%30%31%34% +9.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 % Chg
Promoters 34.74%34.73%34.73%34.73%34.73% +0.0%
FIIs 27.05%28.76%29.43%31.15%31.09% -0.2%
DIIs 27.77%26.32%26.28%24.69%24.36% -1.3%
Government 0.05%0.08%0.08%0.08%— —
Public 10.39%10.11%9.48%9.34%9.83% +5.2%
No. of Shareholders 8,92,6228,97,0338,72,4998,95,5168,87,953 -0.8%

⚖️ Peer comparison

Industry: Auto Manufacturers · 10 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MARUTI Maruti Suzuki ₹12,400.00 389,859 26.6 183,315 14,679 11.7% 8.0% 19.9% 1.2% 28.2% -6.4%
2 M&M Mahindra & Mahindra ₹3,107.00 373,077 18.6 211,375 20,243 18.8% 9.6% 24.9% 32.3% 28.1% 37.0%
3 BAJAJ-AUTO Bajaj Auto ₹11,678.00 320,916 27.7 71,460 11,590 19.8% 16.2% 23.4% 44.4% 65.1% 46.0%
4 EICHERMOT Eicher Motors ₹7,530.00 206,715 35.8 24,998 5,773 24.7% 23.1% 24.0% 16.5% 31.5% 21.3%
5 TVSMOTOR TVS Motor ₹4,103.10 194,990 56.9 60,155 3,602 14.8% 6.0% 26.3% 33.9% 33.5% 64.5%
6 HYUNDAI HYUNDAI MOTOR ₹2,174.00 176,646 35.7 70,685 4,951 11.2% 7.0% 2.3% -3.7% -0.5% -35.1%
7 TMCV TATA MOTORS ₹434.25 159,925 38.5 87,165 4,149 13.1% 4.8% — — 19.3% 83.0%
8 TMPV Tata Motors ₹315.35 116,140 1.4 64,356 82,378 4.2% 128.0% 0.2% 1447.5% 11.8% -98.6%
9 HEROMOTOCO Hero MotoCorp ₹5,221.50 104,504 18.2 47,411 5,776 14.8% 12.2% 15.9% 32.0% 30.2% 26.1%
10 FORCEMOT Force Motors ₹17,705.00 23,329 18.6 9,200 1,252 16.1% 13.6% 12.2% 51.4% 6.2% 22.8%
❓ Frequently asked questions
What was Hero MotoCorp Limited's revenue in Q4 FY26?
Hero MotoCorp Limited reported revenue of ₹12,797 crore for the quarter ended March 2026 (Q4 FY26), up 28.8% from ₹9,939 crore in the same quarter last year, and up 3.8% sequentially over the December 2025 quarter.
What was Hero MotoCorp Limited's net profit in Q4 FY26?
Net profit rose 29.6% year-on-year to ₹1,401 crore, from ₹1,081 crore. Earnings per share (EPS) came in at ₹70.03.
What is HEROMOTOCO's market capitalisation and P/E ratio?
At the current price of ₹5,225.00, HEROMOTOCO has a market capitalisation of ₹104,574 crore and a trailing P/E of about 19.9.
Who owns Hero MotoCorp Limited? (shareholding pattern)
As of Jun 2026, promoters held 34.73%, foreign institutional investors (FIIs) 31.09%, domestic institutional investors (DIIs) 24.36%, public shareholders 9.83% of Hero MotoCorp Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI